Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.042%
Price spread now: RISEx against BloFin−0.003%97s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.231% of the position
Funding, last 3 days (all we have)+0.160%+$16 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.003%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 169.10 | 0.0003 | pay 0.0003% / 8h | 1h 03m | $1.1M | $1.8M | 20x |
| Short | RISEx MSTR/USDC | 169.09 | 0 | get 0.0000% / 1h | 3m 44s | $275K | $442K | 10x |
BloFin MSTR-USDT
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.68
- Price spread: −0.003% → +0.005%
- −$0.82
- Slippage, 4 orders
- −$5.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$24.61
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; RISEx: live order book, 15 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 9 min ago | 0.59 bp | 7.6 bp −$8 | 11.3 bp −$113 | 23.2 bp −$2,316 | doesn't fit |
| Sell RISEx live order book, 15 min ago | 1.18 bp | 4.2 bp −$4 | 5.0 bp −$50 | doesn't fit | doesn't fit |
MSTR on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0053% | 1h | 168.76 | −0.202% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.05 | −0.027% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.12 | +0.012% | $89.3M | $628.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.10 | 0.000% | $22.0M | $106.6M | 50x | as long as short |
| RISEx MSTR/USDCshort | 0.0000% | 1h | 169.09 | −0.003% | $275K | $442K | 10x | |
| Gate MSTR_USDT | 0.0000% | 8h | 169.06 | −0.024% | $4.8M | $19.5M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.11 | +0.007% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.06 | −0.025% | $83K | $875K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.04 | −0.035% | $2.9M | $63K | 10x | as long as short |
| BloFin MSTR-USDTlong | +0.0003% | 8h | 169.10 | long leg | $1.1M | $1.8M | 20x |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.05 | −0.030% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.93 | −0.100% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0037% | 8h | 169.07 | −0.018% | $28.7M | $119.4M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.05 | −0.030% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 168.97 | −0.077% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.02 | −0.047% | $393K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.07 | −0.018% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.91 | −0.112% | $780K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 169.09 | −0.006% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0069% | 8h | 169.10 | 0.000% | $15.2M | $40.6M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0089% | 8h | 169.06 | −0.024% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.04 | −0.035% | $104K | $103K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.98 | −0.071% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.90 | −0.118% | $4K | $398K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.03 | −0.041% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.05 | −0.027% | $140 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0104% | 1h | 169.00 | −0.059% | $57.0M | $37.5M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0173% | 4h | 168.95 | −0.088% | $47K | $5.5M | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.00 | −0.062% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.32 | +0.130% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.08 | −0.012% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0875% | 1h | 169.11 | +0.006% | $288K | $439K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL